WARREN BUFFETT TO APPEAR ON FOX BUSINESS AT 2PM ET

One thing that would be a good "investment" would be anything that would improve the average American's understanding of arithmetic. This is the second blog I've read in two days where someone commented that we should give $700 Bn to the people, calculating that with, say 100 million adults, that would be $700,000 each. For instance, I quote from above: "... why not give the hard working tax payers a couple million dollars each to pay off mortgages, buy new houses, cars pay off our debts. This would only cost maybe 100 billion compared to 700 billion ..." Let's say 100 million taxpayers get 2 million dollars each. That is $200 TRILLION dollars, not $200 Billion. So if you want to spend $200 Billion dollars and give it to 100 million taxpayers, then each will get a check for $2,000 dollars. That is not going to fix this, people. But then again, maybe the previous poster meant a particular "class" of taxpayers - i.e. the "hard working" class. Gee, I thought I worked hard, but somehow I don't see how I'm lucky enough to fall within the 100,000 taxpayers that would "qualify" as "hard working" in order for each to get $2 million out of a $200 Billion dollar fund.

The problem with listening to Buffett after he has thrown 5 billion at Goldman is that he can no longer be impartial. If the bailout does not go through, he could loose big.

It's simply outrageous to realize that the Federal Government and Wall Street feel that any time they screw up ( through greed or lack of regulatory oversight, etc.) it's fine to just pick-pocket the American taxpayer with bailout plans that are paid for through higher taxes. Once again we are being told .. just give me the money .... and we'll make sure this will never happen again .... (a la the Savings and Loan mess, Internet bubble, the housing bubble, etc etc etc.) Paulson initially demands just give me the 750 BILLION with no oversight and we'll take card of it .... the politicians on Monday morning before the vote was taken are all beaming & smiling and patting themselves on their backs for working through the weekend to "solve this mess" .. well excuse me ... but all those "beaming/smiling" politicians are the very ones who helped get us into this mess. This bailout is the biggest con job on the American people in history. Somebody in Washington & on Wall Street has to start thinking "outside" my wallet and find a solution that's not funded by the American Taxpayer !

MR. BUFFET: WHY CAN'T WE TAKE THE 700 TRILLION FROM THE THUGS WHO STOLE IT AND PUT THEIR COMPANIES OUT OF BUSINESS? HAD I STOLEN $100.00 FROM A COMPANY I WOULD BE BEHIND BARS. WHO ARE THESE PEOPLE AND HOW CAN THEY GET AWAY WITH STEALING A COMPANY BLIND AND GLIDE OFF INTO THE SUNSET LEAVING SHATTERED LIVES BEHIND THEM?

Instead of bailing out the robber baron billionaires, why not give the hard working tax payers a couple million dollars each to pay off mortgages, buy new houses, cars pay off our debts. This would only cost maybe 100 billion compared to 700 billion and the economy would take off in short time. We wouldn't need credit. The house market would rebound. More jobs. Seriously... Why should this money go back into the pockets of the people who lost it? Where is the accountability here? Why aren't the people who made millions or even billions on this going to jail and having thier assets siezed?

If you are in a ship and some idots punch a hole, would you say I won't fix the hole even the ship is sinking, because whoever punch the hole should fix it!!!! We should fix the problem and punish the villains later!!

i would tell congress to do something for wall street to, if i just invested $5 BILLION DOLLARS in a company that could possibly benefit from the bailout. To bad this bailout won't help us the working group. WE are just PISS ONS in an economy like this. CEO's get big bonus packages for the 15,000 to 75,000 dollars a year job, that do all the work for the company to flurish and bring in the nice numbers they need to get those million dollar bonuses, and what do we get maybe if we are lucky a cost a living raise that is so out dated it won't cover the difference that price of gas chances from when you go to work to when you drive home from work, not to mention healthcare costs that double or triple almost every year when its enrollment time. We here it all the time to at my job oh the company is over budget, we can't afford to pay you more, but if we have good numbers at the end of each quarter magically the company has enough money to pay millions to executives and board members who vote on how big the bonuses will be. nice to live in a place where the rich get richer and the poorer just get poorer, and poorer. i don't feel sorry for any of these people on wall street. welcome to my world of starting to live paycheck to paycheck and not having your luxury items. maybe the bailout will tank so we can start asking all the 3rd world countries that we have been giving trillions of dollars to for years that we need the returns on our monies so we can fix ourselves now.

Who cares what Warren Buffett thinks or wants !!! If he’s such a financial whizz why does he need our money NOW ??? Now that he is about to loose 50 billion or so, all of a sudden he does not think capital markets should settle this — GOVERNMENT should, with and TAXPAYER money !!! OK, he’s also big on ROI how about our ROI — never happen !!! He would not put a dime up to save AIG but thinks it wise we, the taxpayer, throw gobs of money at this problem ??? Why does this deal smell — cause it stinks. . Warren, you should be ashamed of yourself for supporting this Bailout Package. . .

Suppose you had $30.00 cash to invest. You then found out athat you could buy 10% of a very large company for $5.00 cash. Of course, you don't really want to lose that $5.00 which represents about 16% of your investable cash. But if you do lose it, there won't be any big dents in your future. On the other hand, if you support a bailout, then your $5.00 cash investment may grow many times its initial value. So would you support a federal bailout in this case? I would! However, for the good of our country, it seems that we should allow true market forces to adjust rather than having politicians (and wall street) try to control them. On a personal note, I am 69 years old (collecting a whopping $1400 per month from Social Security) and still contributing to Social Security in a small repair business that I have been running for the past 7 years. I'm willing to cinch up my belt buckle and let the market adjust in its own fashion even if it takes some extreme discomfort for several years. I too, am upside down in my mortgage, but I am not asking nor do I expect any type of assistance since I willingly accepted the terms and conditions of this debt. I will not default on my lender.

I hope the American people see what is happening here! Buffet did not invest because he wants to demonstrate his confidence to the American people. The billions he is investing will mean outrageous returns for him if the bailout goes through - and all this on the backs of the American taxpayer. And he wouldn't even feel the loss if there is no bailout. This is socialism for the super-rich. His actions are nothing more than crumbs placed in the trap to sucker our wills and weaken the already milk-toast resolve of the American people. Its the common child's story of the disquised wolf saying "follow me little children, I know the way to your happiness and safety." BTW - Paulson was one of the original supporters/designers of this mass mortgage financing scheme while at Goldman Sachs. Buffet is no fool in the expertise of management to secure his return. Paulson would be like the fox being in charge of the security of the hen house - while the mega-rich stand behind the hen house with their bags waiting and opened. Wake up people. Let's not continue to enslave ourselves - as we have done in recent histroy. The dollar will only get weaker with a bail out. But if we allow the market to do its work of circulating value and flushing non-value then the dollar will get stronger and our economy will rebound within months from the resulting recession with a robustness not seen in decades.

The amazing thing is Warren Buffet, Donald Trump, Jack Welch are now all talking in the same terms as the paycheck-to-paycheck groups. There is no credit for leverage. While the no credit people may be ready for this, they need to think through their true positions. The people writing their paychecks, the people purchasing food for stores, purchasing gas for service stations, medicines for pharmacies all may be in the leveraged category - no one has absolute insulation from this. There are not many buckets of money. We have one bucket of common wealth. We need to face a new reality (Cody- Dave- Neil-), our financial world just rocked. The surge has hit land. It was bigger than expected. It is now not when. Help can't be coming. Help needs to be right now. Debate Capitalism later because it really might not work and we need to be honest to that possibility. Freedom isn't free so neither may the free market be free. First, triage; second, stabilize; third, test; fourth, diagnose; fifth, treatment; sixth, checkups. This has been the path of many doctors to cure patients - might just work, Liz.

Why isn't this interview being broadcast live on the web?

Post it on the website. I can't get it on DishNetwork.

Let's see now, WB invests $5b in Goldman Sachs and the American taxpayer puts up $1t more or less. Genius. WB may be a socialist, but the man knows how to work a deal.

Clearly, Warren Buffett understands that what this market needs is liquidity. Believe me, getting a bank to finance a deal right now is near impossible unless of course they are loaning you your own money. The added liquidity of the Paulson Plan is exactly what we need to grow the economy. Without it, there will be no growth and in fact you will see some great businesses fail, no new start ups and hundreds of thousands of jobs lost. Going forward, there will need to be good oversight with modern rules and governance to prevent this from happening again. Bottom line is that unsupervised, unregulated 30 something yr old MBA's making millions per year trading paper is a very dangerous recipe.